I am 60. I am thinking of selling family home and downsizing to a 2 bed cottage on half an acre left to me by my unle. I am in Ireland. The cottage required a lot of work but vacant home grants were available for a some of it as it had been vacant for 9 years.. I have mentioned on another thread that my adult children have been emotionally abusive for many years and that hasn't changed. I also had a very stressful job working in the health setvices both in UK and Ireland for years. My adult children are 23 and 24. If I sell the family home I will have 360k. I will give my children 15k each as help for renting for the first year - it's incredibly expensive in Ireland yo rent or buy. Then I would use 300k of this money for 6 years until my Irish State pension.does this sounds like a crazy decision. I am totally burnt out from my job, have arthritis in feet and knees and am emotionally destroyed by years of heartbreak with my adult children since their mid teenage years.
Retiring and living frugally in money from downsizing after years of stress
